Edac Technologies Corporation (EDAC): Today's Featured Aerospace/Defense Winner
The aerospace/defense industry closed the day down 1.8%. American Defense Systems Inc (EAG), CPI Aerostructures Inc (CVU), TAT Technologies (TATT), and Astrotech (ASTC) were all winners today within the aerospace/defense industry with Edac Technologies Corporation (EDAC) being today's featured aerospace/defense winner. Edac Technologies Corporation rose 14 cents (1.8%) to $7.73 on light volume. Throughout the day, 3,230 shares of Edac Technologies Corporation exchanged hands as compared to its average daily volume of 35,900 shares. EDAC Technologies Corporation provides design, manufacturing, and other services to the aerospace and industrial markets. Edac Technologies Corporation has a market cap of $37.6 million and is part of the industrial goods sector. The company has a P/E ratio of 25.4, equal to the average aerospace/defense industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 124.6% year to date as of the close of trading on Friday. TheStreet Ratings rates Edac as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins.
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